New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-10
A GREAT BOOM IN BUILDING.
HUNDREDS OF NEW STRUCTURES

The building season opens auspiciousy ltls going W
be one Of the most active that NewYork has had In
long time. Last year prosperous one with the con-
tractors, but 1887 will be better 1t is ahead OK
1886 thus far not only in the number OF buildings but
also In the character Of them-at least so far as tie
Of money that they will cost is an index OF
superiority.
This is by comparing the first three months OF the
two During January 1886. there were issued
204 permits for buildings. which were 10
cost in all $3,s52.79s; In January of the pres
ent year the ongshorcmen's strike and other labor
difficulties were at their height aad business OF all KINDS
but particularly the building trade seriously affected
Hence 1t Is not surprising to find that plans for only los
new structures filed, which less than the
number filed In 1885, No sooner however had the labor
troubles been settled than the natural buoyancy OF the
realty trade asserted ITSELF In February 800 permits
for new buildings representing an outlay OF $0362f3
were issued, against 3G1 costing S5,34 400 during inc
corresponding month OF 1856 The most striking In
crease however, is shown In March During that month
In 1886 permits issued for 514 buildings the
aggregate Of which be So 30 455 but during
March OF this plans for S57 buildings to cost
$13l75 200 have been fled For the first quarter then,
OF this l40i permits representing expenditure
OF SD l33620 were issued against O79 amounting TO
$174ss.6i3 during the corresponding period OF 1886
In other words the building trade at present about 20
per cent in advance OF last season
This multitude OF new buildings will DO pretty we'll dis
trbuIed over the city. The greater part OF them WILL OF
course. be erected ia the district the West Side,
Yorkve, Harlem and tho Annexed District but there
are few sections of the Metropolis that will not be i'm
proved by some of them. All kinds OF structures
churches schooLhouses Federal aud municipal buildings,
stores. warehouses hospitals, dwelling houses apart
ment houses. fiat houses and everything else included
in this list While there not large number OF COM
mercia edhces hcre are some OF considerable impor-
lance OF these the new building Of the Consolidated
stock and Petroleum Exchange deserves special mention
The plans for this structure fled last week and the
work OF clearing the ground for II will be started
tomorrow. 1t is to be erected at Broadway and
Exchange place extending through to Newest Its site
includes the ground occupied by the present exchange
which vacated last night for temporary quarters that
have been fitted up No. 60 Broad way just the
street
According to tho plans the structure will measure
90. feet Broadway, 1924 feet Exchange place
and ST. feet Now-s 1t will have main floor 80 feet
height for the board room with n mczzanno inter
mediate story portion OF It's area while above will be
four stories OF IL feet each The building will rise TO q
height of 90 feet above Broadway. Tho apex OF the
at Broadway and Exchange place will be l42 feet
above the sidewalk The exterior walls will be of pressed
brick with red Scotch sand stone, principally
in the lower portion. The architecture is Romancsqne.
Tho entrance the Ncw-st side will be In the form
OF lofty arch ON broadway tnere VIII be two entrances
public The main ioor will have clear space si1tytwo
feet in width and hundred and twenty-five In length,
or about 10000 square feet
In the mezzanlne story will be tho Offices Of tho prcs
dent and secretary. the m,eng for the
directors committee large parlor for members
and smoking.room. The four upper stories will con-
tain about one hundred aud twenty-five Office. In the
basement will he large restaurant and the rooms OF the
Consolidated Clearing House There Is also to be pas
sage from Newst to Broadway through tho north end OF
the building by which persons go from street TO
9TH fhnuf ant
that given up TO business The structure will DO en-
trey fre-proof II will be heated by steam and lighted
by electricity and will cost about 100000 One special
feature OF the boadroom tho arrangement for dispatch
ing kilograms. large Office for more telegraph
10 the board floor the comfort OF the operators
will permit Through opening in tho main floor, nifty
feet long and two feet Wide persons can give teegrans
directly TO the operators below. BY this means tho loss
of large amount OF space for telegraph service has been
avoided.
The ground on which tho now Exchange will stand be-
longs to the George Jonos and the j. T. sohcrmerhorn
estates No. 5s tho corner building. Is comparatively
new. but the other two bIiings Nos. 60 AID 81, are
among oldest structures downtown The ground has
been leased for siStysix years at annual rental OF
S74 900. Edward d. Lindsey Ia the architect OF the
structure. The members Of the Building Committee are
Charles c. wilson president OF the Exchange Jerome f.
sadler, John Stanton, Thomas L. watson George W.
Hoagland, H. A. Checsebroigh A. L. Faris. Charles /.
Truman and f. &. saltons,a II is expected that the
board will be finished By January l. AMI that the
entire work will be completed within a year.
About the length OF time has been required to
build the Telephone Building tho handsome structure
in Cortandst that the Metropolitan Telephone Company
has lust erected Is called II Is OF the finest com
merclsI buildings recently been aldcl 10 In
the city from architectural point of view we'll as
In the practical arrangement OF the Interior IL was
built for the purpose Of consolidating the six eNch angcs
known the Law. New street. Pearl Street. Nassau
Street Murray street aud John street. and thereby bring
ing telephone subscribers below Canals into immediate
connection with another without the OF trunk
wires between the exchanges Il was also designed to
bring these exchanges into an absolutely nreproo build
Ing. thereby avoiding the possibility OF interruption OF
tho service by lire The building ~ 40 eet In wdth, llO
long and eight stories high IL Is built In the form OF
~, with an ample court open at tho north Inc com,
sixth floor will be taken up with executive Offices While
the top floor will be used entirely for exchange
The switchboard in this exchange room Is nearly com
peied and will accommodate 5,lOO subscribers. The
wires OF the $500 Subscribers below Canast VIII he
carried into the building rs soon as the subwayS radatng
from the building TO various downtown points are com
miles OF wire were required and 200 900 soldered joints
IL arranged that zach operator VIII answer the calls
OF nifty subscribers and Will have before her the total
number OF subscribers below Canalst. with provision
for All Increase 10 J,aoo
Tho New-York and New-Jersey Telephone Company.
which operates the whole OF Long Island. Jersey city,
Newark and other points within thirty three miles OF this
city, will occupy the four facing Cortandst,
In the fifth story Tho American Telephone and Tele-
graph Company known the Long Distance Company.
will have the half OF the seventh story; tho west
half has been taken By tho Conspi ae Telegraph Flee
trfcal Subway people The bull ling ha, all mo Tern I'm
provements II will bo heated with steam and lighted
by the most improved system Of electric illumination
The front OF the building Is seventyhve feet In width
and over hundred feet high.
The Equitable Building, Alirch Court the eevensory
structure Just erected Nos Al 43 andi5 Broadway the
Gallatn Bank. In Wast tue Goelet Bull ling, At TWEEN
tehs aud Broadway aud most OF the other pro nincnt
business structures that nearly completed have al
ready been described In THE TRIBUNE. Among those for
which plans have lately been filed are $4,000 store
and office building, Nos 90, % and % prnccst. which
John Jacob Aston Is about 10 build and two fiat houses,
with underneath in sonst between Thir-
teenth and FOrtcenths owned by the same person. the
new laboratory In Twcntyslxths ST., that Mr. Cady dc
signed for Dr. Alfred LOOMS; r. H. Van Ingens hand
some Office building ut Broadway and Forcth-st. tho
work OF Architect Robertson huge factory structure
In Flrstave, Thiry-thirdst., for tho Archer IL
..f.r fttrtn nm A.